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BREAKING: Epic LBO Collusion Case Settles For $590M

A Massachusetts federal judge on Friday granted final approval to $590 million in settlements and a $200 million attorneys' fee in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and other private equity firms teamed up to keep leveraged buyout prices low, moving the long-running suit toward completion.

  • Dewey Insurer Balks At Paying Execs' Legal Bills

    Attorneys for the former leadership of Dewey & LeBoeuf LLP on Friday said the insurer behind a $15 million defense policy is refusing to pay their legal bills, and that top lawyers from the defunct firm have to date burned through another $35 million in defense costs.

  • EPA Puts Off 2014 Renewable Fuel Standard to 2015

    The U.S. Environmental Protection Agency said Friday it will not be finalizing 2014 volume standard under the Renewable Fuel Standard program before the end of this year, a move that reflects controversy between the ethanol and oil industries about how volumes should be set in light of lower-than-predicted gasoline consumption.

  • GOP Hits Obama With Long-Awaited ACA Lawsuit

    The Republican-controlled U.S. House of Representatives on Friday filed a long-awaited lawsuit against the Obama administration challenging delay of the Affordable Care Act’s employer mandate and government payments to health insurance companies under the law.

  • Aereo Files For Ch. 11 In Bid To Dodge Copyright Suits

    TV streaming service Aereo Inc., whose targeted signals were ruled by the U.S. Supreme Court in June to violate copyrights by retransmitting broadcasts without permission, filed for bankruptcy in a move CEO Chet Kanojia said Friday would allow it to avoid civil copyright litigation liability.

  • Obama Announces Bold New Immigration Actions

    President Obama on Thursday said he would take executive action to allow certain undocumented immigrants with children to remain in the U.S., while beefing up border security and making it easier for highly skilled workers and graduates to stay in the country.